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| WHAT IS SOCIAL ENTERPRISE? |
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Social enterprises are profit making businesses set up to tackle a social or environmental need. Many commercial businesses
would consider themselves to have social objectives, but social enterprises are distinctive because their social or environmental
purpose is central to what they do.
Rather than maximising shareholder value, their main aim is to generate profit to further their social and environmental
goals. |
THEY ARE NOT NOT-FOR-PROFIT
Because the purpose of social enterprises is to make a profit and then to use it to tackle a social or environmental
need, the term not-for-profit isn’t correct for them. Social enterprises are for ‘more-than-profit’ (a term
coined by a BBC journalist).
Social enterprises are businesses. They need to make a profit to compete in the market, ensure their continued
survival and be able to invest in their social or environmental aims. For many social enterprises, being sustainable –
in every sense of the word – enables them to become more independent and reduce any dependency on public grants.
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